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Puntland Hands Over Bossaso Port To UAE In A $336M Deal
Africa

Puntland Hands Over Bossaso Port To UAE In A $336M Deal

The Emirati company P&O Ports  was handed over management of the Bossaso Port at a ceremony held on Thursday in the regional state of Puntland. In attendant were Puntland administration tip government officials, elders and other stakeholders that include the civil society. The deal that would see P&O Ports manage the port for 30 years was inked by regional state President Abdiweli Gaas and Emirati officials in was sealed at a meeting in Dubai last April. The port is to be expanded and infrastructure of this part of the region expected to be significantly improved.